Humble, TX Retail Property For Sale

PROPERTY INFORMATION

** Virtual Tour in Brochure! **

• 8% CAP RATE - 179,719 VPD

• 9,541 SF Retail Center on .66 AC with 250’ freeway frontage - 100% leased with solid tenant base (two tenants)

• Excellent investor opportunity - value add with below market rents

• Near Beltway 8, Grand Parkway, IAH with Pylon Signage

• Two entrances to the center-back area fenced and gated Plenty of parking / 40 Spaces (4.19:1000)

• Executive Summary sent upon request

• Great C-Store and Office Opportunity for the right buyer

• +/- 13,000 SF of office/retail space and 3,000 SF of C-Store with 4 MPDs with EMV system, built 2009

• Jobber contract expires in 2020

• 5,500 SF of retail is recently leased (15 year) at $1.37 PSF for first three years then increasing to $2.25 PSF; Medical office tenant

• 14% Cap rate possible for buyer who fills the retail space with tenants at current market rental rates

• C-Store Sales - $50K/month Inside and 25K gallons/month fuel sales

• Deli could be re-opened

• Store has gaming machines but sales not available

• Lease on 5,565 SF of office space is at $93,111/year (gross lease) for first 5 years with tenant option to renew at $150,255/year ($2.25 PSF Gross Lease)

• If new owner can lease out space at current market rate of $20 PSF + NNN,

should get about $300,000 in net rent/year after tenant renewal

• Excellent corner location with about 91,360 vehicles per day on Beltway 8 and about 13,100 vehicles per day on Old Humble Road

• Current 2017 Harris County appraised value of $1,376,296.00, real estate only; does not include business valuation

• Non-Disclosure Agreement required to get full details. Do not talk with the store employees about store being for sale

* Central Business District Humble, TX

* Excellent SWC of E. Main Street & S. Avenue A

* Ideal for Restaurant

* Former Entertainment Venue-Platform Stage (In Place)

* Downtown Humble With Extra Parking

* Easy Access I-69 (Hwy 59) FM 1960, BW 8 & Will Clayton Pkwy

* IAH Bush Airport 10 Min

• +/- 1,518 SF convenience store/gas station for sale

• Sale price: $960,000.00

• Store has no Jobber contract at this time but Owner is near signing a contract to get pumps replaced and new signs.

• Business and Real Estate for sale

• Opportunities for Improvement or other business activity (possible to add a gaming machine – only 1 allowed per city)

• Excellent visibility with over 16,000 vehicles per day on First Street

• Current 2017 Harris County appraised value of $392,380.00, real estate only; does not include business valuation

• Seller does not want Buyers talking with store employees or others about store being for sale; a Non-Disclosure Agreement is required to get details and make an offer

• Full Demographic Package Available

Owner financing available with $100K or more, property is currently lease to a taco truck and party event hall. Property use to be a bar before. Property is located on two lots. Available on 10/01/2018